DislikedI first one I did simply because I messed up originally. Second one I did it bacasue of the news event. I anticapted the down movement (and actually scalped it a little too which was nice.) I do think we will see a bit of an uptrace, but when is the question. Quite honestly I may not keep this trade and close manually if we get a new low again past 5350Ignored
In addition, I have had a very excellent week so this trade isn't hurting me too much. Even if it closes @ 1.5300 I will still be 750 pips for the week. Not too shabby. I just don't like watching lower and lower lows with absolutely no highs. All my longer term charts are pegged at the 161.8 and 138.2 fib lines hence why it doesn't want to go too much down. But it doesn't want to go up either. This past news event was WAY negative news for GBP and yet didn't really move anywhere.